Tenant retention is a critical component of property management. Remember, it takes five times as much to find a new customer as to keep an old one!
Author Andrew Syrios
The point of KPIs isn’t to measure against a specific number but to know where you’re starting so you can measure improvement (or the lack thereof).
As investors, we sometimes spend so much time on unimportant tasks and decisions that we have neither the time nor the energy for the important ones.
If you want to be a passive investor, both stocks and real estate have their place. But for the active investor, real estate wins by a landslide.
Don’t get me wrong; it’s vital to learn before you jump into real estate. But you don’t want to settle for just learning, putting off the date of beginning.
Overall, the system-based model is something you should focus on. Systems are much more effective than just having arbitrary goals to aim for.
There are broadly speaking two ways to see the world. These are what psychologists call the “external locus of control” and the “internal locus of control.”
Whether you use a system like ours or something else for putting together scopes of work, it is important to be thorough and consistent about it.
As they say, a wise man learns from his mistakes, but a wiser man learns from the mistakes of others. So, be the wiser and learn from mine.
To grow your business to the next level, you have to take the concept of scaling seriously. And the first step to this is mastering the art of delegation.
The caliber of those you hire can absolutely make or break your business. Here’s why you shouldn’t settle for team members who don’t excel in their roles.